Insider Selling: CrowdStrike (NASDAQ:CRWD) President Sells 15,000 Shares of Stock

Key Points

• CrowdStrike President Michael Sentonas sold 15,000 shares of stock for $7.57 million on October 8, reducing his ownership by approximately 4% to 364,116 shares.
• During October, Sentonas executed additional trades, including selling 10,000 shares for $5.15 million and 20,000 shares for $10 million on previous dates.
• CrowdStrike's stock experienced a price drop, closing at $493.66, while analysts maintain a consensus rating of "Moderate Buy" with an average price target of $493.33.

CrowdStrike (NASDAQ:CRWD - Get Free Report) President Michael Sentonas sold 15,000 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $505.00, for a total value of $7,575,000.00. Following the sale, the president directly owned 364,116 shares of the company's stock, valued at approximately $183,878,580. This represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Michael Sentonas also recently made the following trade(s):

• On Friday, October 10th, Michael Sentonas sold 10,000 shares of CrowdStrike stock. The stock was sold at an average price of $515.00, for a total value of $5,150,000.00.
• On Wednesday, October 1st, Michael Sentonas sold 20,000 shares of CrowdStrike stock. The stock was sold at an average price of $500.00, for a total value of $10,000,000.00.
• On Monday, September 22nd, Michael Sentonas sold 11,561 shares of CrowdStrike stock. The stock was sold at an average price of $495.69, for a total value of $5,730,672.09.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $15.47 during trading hours on Friday, hitting $493.66. The company's stock had a trading volume of 3,131,689 shares, compared to its average volume of 3,286,991. The business's 50-day moving average is $450.04 and its two-hundred day moving average is $443.90. The company has a market capitalization of $123.89 billion, a PE ratio of -414.84, a PEG ratio of 119.64 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. CrowdStrike has a 52-week low of $294.68 and a 52-week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the business posted $1.04 earnings per share. CrowdStrike's revenue was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on CrowdStrike from $495.00 to $515.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Evercore ISI raised their price target on CrowdStrike from $405.00 to $430.00 in a research report on Thursday, September 18th. Needham & Company LLC raised their price target on CrowdStrike from $475.00 to $535.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Truist Financial lifted their price objective on CrowdStrike from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Finally, Barclays lifted their price objective on CrowdStrike from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average price target of $493.33.

Institutional Trading of CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in CRWD. Laurel Wealth Advisors LLC raised its holdings in shares of CrowdStrike by 54,635.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company's stock valued at $2,186,714,000 after buying an additional 4,285,640 shares during the period. Norges Bank purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at about $1,638,365,000. Nuveen LLC purchased a new stake in shares of CrowdStrike during the 1st quarter valued at about $595,766,000. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares during the period. Finally, Vestor Capital LLC raised its holdings in shares of CrowdStrike by 269,840.3% during the 2nd quarter. Vestor Capital LLC now owns 977,184 shares of the company's stock valued at $497,690,000 after buying an additional 976,822 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.

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